Do buyer's pay a commission?

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Real Estate Agent 202651

Who Pays the Commission?

 

The Seller Does.

 

The commission is a contract between the Seller and the Listing Agent.  It is agreed upon prior to the home being placed on the market and shared between the listing agent and the selling (buyer's) agent usually 50/50.  If there is not a buyer agent involved in the transaction, the listing agent keeps the entire commission.  Neither the seller nor the listing agent can share that commission with the buyer unless they are a licensed real estate agent in the state of GA.  Basically, it costs buyers NOTHING to use an agent but could cost them everything if they don't!  Each home will have a different agreement and is non-negotiable by the Buyer.  

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Lenn Harley
Lenn Harley, Homefinders.com, MD & VA Homes and Real Estate - Leesburg, VA
Real Estate Broker - Virginia & Maryland

Seems to me that they all pay the commission.

1.  The seller agreed to the commission.
2.  The listing agent agreed to pay the selling agent a co-op fee or commission.3.  The buyer pays for the home.
4.  From the net proceeds of the sale, the seller pays a commission to the listing gent.

5.  The listing agent pays the buyer's agent the agreed co-op.

6.  The buyer pays for the house and finances everything.

Jan 23, 2015 05:13 AM #1
Rainer
55,479
The Graham Seeby Group
Atlanta, GA

Your steps are correct, but if the buyer does not have an agent, the listing agent keeps the full commission.  So, having a buyer agent does not cost the buyer anything extra.

 

 

Jan 23, 2015 05:20 AM #2
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Rainer
55,479

The Graham Seeby Group

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